Staffing employment in March is 15% higher than in the same month last year, according to the ASA Staffing Index.
The index for March is 83, up from 80 for February, suggesting that staffing employment has increased almost 4% over the past month. Staffing payrolls have shown steady growth over the past five weeks. To view weekly index data, visit americanstaffing.net.
The ASA Staffing Index is reported nine days after each workweek, making it a virtual real-time measure of staffing employment trends. The reference level for the index was set at 100 in June 2006. The current level of 83 suggests that staffing employment is 17% lower than in June 2006.
Index weeks containing the 12th are compared monthly to match the reference periods used by the U.S. Bureau of Labor Statistics in its monthly employment situation reports, which contain data on the temporary help industry. Because the same reference period is used in both the ASA Staffing Index and BLS monthly reports, the two data series can be easily compared. ASA data are not adjusted for seasonal factors and should be compared to nonseasonally adjusted BLS data.
Data for the index are gathered by ASA corporate partner Inavero Institute for Service Research, a market research firm based in Portland, OR.
ASA research shows that staffing employment is a coincident economic indicator and leading employment indicator, especially when the economy is emerging from a recession.
The American Staffing Association promotes legal, ethical, and professional practices for the $61 billion U.S. staffing industry. ASA members account for 85% of U.S. staffing industry sales and operate some 14,000 offices throughout the nation. Two million Americans go to work for U.S. staffing companies every business day.
Founded to promote flexible employment opportunities and ensure the quality of staffing services, ASA has been the voice of the U.S. staffing industry since 1966. Members provide a wide range of employment services and solutions, including temporary and contract staffing, recruiting and permanent placement, outplacement and outsourcing, training, and human resource consulting. ASA and its affiliated chapters promote the interests of the industry through legal and legislative advocacy, public relations, education, and the establishment of high standards of ethical conduct.